The Board of Directors of Galp Energia, SGPS, S.A. has resolved to distribute an interim dividend out of the profits for the fiscal year 2022, in a fixed amount of €0.26 (twenty-six cents) gross per share.
According to Portuguese law, shareholders are hereby notified that the interim dividend will be payable as from September 20, 2022, as follows:
|Gross dividend per share
Personal income tax (28%)(1) EUR 0.0728
Net dividend per share EUR 0.1872
Corporate income tax (25%)(1) EUR 0.065
Net dividend per share EUR 0.195
The ex-dividend date is September 16, 2022 and the record date is September 19, 2022.
The dividends will be paid through the Central de Valores Mobiliários. Banco Santander Totta, S.A. is the paying agent.
(1) For potential tax exemption, exclusion from withholding or reduction of the withholding tax rate, shareholders must confirm their tax status with the financial institution at which their shares are deposited.
Shareholders resident in Portugal and subject to personal income tax (‘IRS’) are charged with a final tax rate of 28%, unless an option for aggregation is made, to the extent that they are not obtained from entrepreneurial or professional activities (if dividends are obtained within the scope of an entrepreneurial or professional activity, the aggregation is mandatory).
The final withholding tax rate shall be 35% if the dividends are paid or made available to: (i) omnibus accounts, unless the beneficial owner of such dividends is disclosed or (ii) non-resident entities without a permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to favorable tax regime, according to the list approved by Decree|Ordinance of the Ministry of Finance.